ROUNDUP: TMT stocks in London on Wednesday
- Added:
- Oct 31, 2001
LSE-listed domain names registration and hosting business Virtual Internet jumped 18.7% to 19p after releasing details of a strategic review which will see the closure of the company's sales and support offices in Italy and France as well as the disposal of the German hosting subsidiary.
MobileFuture the AIM-listed Wireless ISP remained on 20p with the good news that year-end results revealed that the company will receive additional funding of 1.5m from its largest institutional investor Friends Ivory & Sime being negated by the fact that the company only achieved a turnover of 300,000. Totalise continued to suffer with a further 10.5% drop to 4.25p following yesterdays 32% fall caused by the release of disappointing year-end results.
LSE-listed digital content and communications company 365 Corporation dropped 12.8% to 8.5% after warning that that revenues for the second quarter were likely to show no growth over the first quarter due to weaker demand for new hardware installations experienced by its business division. Kalamazoo Computer Group was another to suffer a double-digit decline following the release of an AGM statement saying that 'The first half of the current financial year will undoubtedly be challenging, as market conditions remain tough'. Shares closed the day down 10.3% to 6.5p.